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Cairo – Mubasher: The Egyptian Exchange (EGX) ended Tuesday’s trading session higher, with the EGX30 main index up 0.19% to 28,466.24 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session lower by 0.25% to …

Cairo – Mubasher: Egypt’s total trade deficit surged by 22.29% year-on-year (YoY) to $28.80 billion during the first nine months (9M) of fiscal year (FY) 2023/2024 from $23.55 billion. Total exports dropped to more than $24.11 billion in 9M-23/24 …

Cairo – Mubasher: Egypt recorded a staggering increase of around 200% year-on-year (YoY) in net inflows of foreign direct investments (FDI) to $23.70 billion during the first nine months (9M) of the fiscal year (FY) 2023/2024, against $7.90 …

Cairo – Mubasher: Suez Canal’s transit receipts declined by 7.40% year-on-year (YoY) to $5.80 billion during the first nine months (9M) of the fiscal year (FY) 2023/2024, versus $6.20 billion. The net tonnage shrank by 15.60% to 944.9 million …

Cairo – Mubasher: The consolidated net profits of Qatar National Bank Al Ahli (QNB) jumped year-on-year (YoY) to EGP 13.74 billion in the first half (H1) of 2024 from EGP 8.66 billion. QNB reported net interest income amounting to EGP 19.81 …

UAE - Mubasher: The UAE-based NOW Money partnered with global tech firm Mastercard to boost the payments industry across the GCC region, according to a press release. Through Mastercard payment cards, NOW Money customers will have secure and …

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed with a mixed performance on Monday. The benchmark index, EGX30, declined by 0.67% to close at 28,411.87 points. EGX100 EWI also decreased by 0.14%, closing at 9,127.76 points. On the …

UAE - Mubasher: EMX, a 7X logistics provider, launched EMX International to streamline e-commerce parcel delivery across the GCC region. The new service consolidates shipments to GCC, allowing companies to utilise Dubai as a gateway and optimise …

Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …

Cairo – Mubasher: Madinet Masr Housing and Development has signed a memorandum of understanding (MoU) with Aboelwafa Contracting and Real Estate Investment Company to execute the construction work of the Sarai project. The MoU covers the …

Riyadh – Mubasher: Saudi Arabia held the third position in 5G Download Speed among key markets in the EMEA region, according to a report released by Opensignal. The report highlighted that the Kingdom witnessed a significant improvement in 5G …

Riyadh – Mubasher: The Saudi Arabian capital, Riyadh, has ranked among the world’s top 15 fastest-growing cities by 2033 based on economy, population, and wealth in the Savills Growth Hubs Index. Riyadh’s population is anticipated to grow by 26% …

Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) reached a new high of $46.38 billion at the end of June 2024. Reserves increased by $258.40 million from $46.12 billion in May, according to CBE’s …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a total value of EGP 8.25 billion over three tranches on Monday, 8 July. The first auction was valued at EGP 3 billion, holding a tenor of two years until 2 July …

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices ended with positive performance on Sunday. The benchmark index, EGX30, increased by 0.84% to close at 28,602.14 points. The EGX70 EWI index rose by 1.13% to settle at 6,293.21 points. EGX100 …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced Thursday, 11 July 2024 as an official holiday in celebration of the Islamic New Year. The EGX will resume work on Sunday, 14 July.

Riyadh – Mubasher: flynas launched its first direct flight between Riyadh and  El-Alamein International Airport (DBB) on the north coast of Egypt on 3 July, according to a press release. The air carrier added the Mediterranean city to its list of …

Riyadh – Mubasher: BinDawood Holding Company has signed a non-binding memorandum of understanding (MoU) with Regional Group Company in Qatar for commercial franchise rights to open eight branches under BinDawood brand in Qatar. The deal comes in …

Cairo – Mubasher: Orascom Development Egypt (ODE) announced that its subsidiary, Makadi Heights for Tourism Development, has concluded an agreement with the Tourism Development Authority for an additional grace period of 8.50 years for its …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 65 billion through two offerings on Sunday, 7 July. The first auction was valued at EGP 40 billion and will mature in 91 days on 8 …

UAE – Mubasher: Radius Group teamed up with Knight Frank MENA to launch the Radius City Logistics project in Dubai Investments Park 2 (DIP II), according to a press release. Knight Frank MENA’s Industrial and Logistics team will facilitate the …

UAE - Mubasher: Mastercard has entered into a partnership with the UAE-based LuLu Group to boost sustainability, innovation, and efficiency in retail payments across the six GCC markets. The partnership, extending across Bahrain, Kuwait, Oman, …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Thursday with varied performance, and the EGX30 main index increased by 0.72% to 28,364.79 points. On the other hand, the EGX70 EWI and EGX100 EWI indices closed the session lower …

Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …